A dormant Satoshi-era wallet has moved 40,192 BTC worth $4.77 billion to a new address.
The move came days after the same whale sent 40,009 BTC to Galaxy Digital. Blockchain tracker Lookonchain posted the update on July 17, confirming the transfer.
The combined total of 80,201 BTC has now been relocated across two major transactions.
Galaxy Digital reportedly received the first batch and moved 6,000 BTC to Binance and Bybit. No outflows have been recorded yet from the new wallet holding the second batch.
The $4.7B BTC transfer involved no use of mixers or privacy tools. Lookonchain confirmed all activity happened on-chain in a transparent format.
Satoshi-Era Wallet First Identified by Lookonchain
Lookonchain discovered the Bitcoin whale on July 4, 2025. The whale had remained inactive since 2011, holding 80,201 BTC across eight wallets. These addresses received Bitcoin in two batches back in 2011.
The first two wallets were funded on April 2, 2011, receiving 20,000 BTC. At the time, Bitcoin was priced at $0.78, making the transfer worth $15,600.
The remaining six wallets got 60,009 BTC on May 4, 2011, when Bitcoin traded at $3.37. That set of transactions totaled around $202,000.
Since 2011, the addresses saw no activity. The recent transfers mark the first movement in over 14 years. Lookonchain said these old Bitcoin wallets are rare and rarely transact.
First 40,009 BTC Went to Galaxy Digital, Says Nansen
On July 15, Nansen reported that 40,009 BTC had been sent to Galaxy Digital. Blockchain data showed Galaxy then moved 6,000 BTC to Binance and Bybit. The destination wallets are known exchange addresses.
The remaining 34,009 BTC are still held in the wallet that received them from the whale. No further activity has been confirmed.
The transfer pattern suggests the whale split their BTC stack in two transactions, with the first part handled by Galaxy Digital.
The second 40,192 BTC were moved in one transaction on July 17. The new wallet address has not been linked to any known institution. Analysts continue monitoring the wallet for more movements.
Satoshi’s Wallets Remain Unmoved, Other Whales Still Holding
Satoshi Nakamoto, Bitcoin’s anonymous creator, holds about 1.096 million BTC across thousands of wallets. These coins have never moved. This makes the recent $4.7B BTC transfer stand out among old wallet activities.
Other large holders include the Winklevoss twins, founders of Gemini exchange, with an estimated 70,000 BTC.
Tim Draper, an early backer of Bitcoin, bought 30,000 BTC during a 2014 U.S. Marshals auction. Michael Saylor, co-founder of MicroStrategy, personally holds 17,732 BTC outside of corporate accounts.
These Bitcoin whales continue holding their assets without notable transfers. The Satoshi-era wallet in question remains an exception due to the scale and timing of its recent moves.
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